“The markets are expected to remain bearish in short term due to profit booking across various sectors and weak global clues.
Automakers, as well as two-wheeler companies, will report their monthly sales number for October.
“Globally, the outcome of the US Fed meeting on 3rd November will be the most important cue where it will be important to see how Fed will react amid rising inflation and slow-down in growth momentum.
“The earnings season would also gain pace and stocks like IOC, HDFC, Tata Motors, Bharti Airtel, Hind Petro, Sun Pharma, SBI and Eicher Motors will announce their numbers during the week,” Ajit Mishra, VP Research.
“Another event that will be focused on is the OPEC+ meeting scheduled on November 4.
“Investors should keep an eye on FII & DII activities along with the global data & events.
“Investors should focus on Cement, Fertilizer & Realty stock, which can give good returns in the November series.